A part of the Vietnam-Singapore Industrial Park in Nghe An Province. — vneconomy.vn
HANOI: The central province of Nghe An attracted US$725.4mil (RM3.3bil) worth of foreign investment in the first half of this year, ranking eighth among the 63 provinces in the country, the provincial People’s Committee say.
During the period, the province licenced eight new foreign-invested projects.
Among new foreign-invested projects was the first phase of Tho Loc Industrial Zone (IZ), valued at US$164.6mil (RM747.7mil) and a US$100mil (RM454.25mil) hi-tech project being financed by Foxconn Interconnect Technology Singapore in WHA IZ.
Despite this encouraging performance, the province has yet to attract large-scale projects. Investments in its prioritised sectors such as thermal, agriculture and tourism remained modest, the committee said.
The province is implementing solutions to attract more investment with a focus on hastening the development of projects in the South-East economic zone and other IZs and improving its ranking of indicators such as the provincial competitiveness index, the provincial public administration index, and the administrative reform index. — Viet Nam News/ANN
